2. Review
Technical Review
1. Technical Plan Evaluation
Technical Architecture Rationality: Assess if the project's technical architecture design aligns with its goals, is well-structured, and scalable.
Code Quality and Standards: If there is existing code, review its quality and development standards to ensure clear structure, complete documentation, and industry standard compliance.
Technical Implementation Roadmap: Determine if the project has a clear implementation roadmap, including objectives, key milestones, and resource requirements for each phase.
Technical Dependencies: Analyze dependencies within the technology stack, evaluating reliability to avoid critical risks, such as reliance on closed-source code or specific vendors.
2. Feasibility and Technical Risk Analysis
Key Technical Breakthroughs: Identify any unresolved technical challenges or innovations within the project, assessing their feasibility.
Technical Risk Assessment: Identify and analyze potential technical risks (e.g., hardware or software compatibility, data privacy) and require the project to provide risk mitigation plans.
Intellectual Property Assessment: Review the project's technological innovations for intellectual property to ensure that the project possesses necessary patents, trademarks, or copyrights.
3. Technical Team Competency Evaluation
Team Expertise: Review the technical team's educational background and work experience to ensure they are capable of executing the project.
Technical Team Roles: Confirm team members’ specific roles in technical development, evaluating whether the team structure is reasonable.
Technical Resources and Partnerships: Check if the project has access to necessary resources (e.g., data, equipment) and has partnerships with other technical stakeholders to fully support its technical needs.
4. Security and Data Protection
Data Security and Privacy Protection: Evaluate the project's data protection mechanisms to ensure compliance with data privacy regulations, especially if it involves user data.
System Security Design: Assess the system's ability to withstand risks like cyber-attacks and data breaches, ensuring that security measures are in place.
Open Source and Audit: If the code is open-source, require a professional third-party security audit to ensure its safety.
Commercial and Operational Review
1. Market Demand and Competitive Analysis
Market Research: Review whether the project has conducted adequate market research to confirm it addresses a real market need.
Target Users and Market Positioning: Identify the target user base and market positioning to ensure clear focus and substantial market potential.
Competitor Analysis: Conduct an in-depth analysis of existing competitors to evaluate the project's competitive advantage, uniqueness, and potential market share.
Market Trend Forecast: Request a market trend forecast from the project and an explanation of how it plans to adapt and leverage these trends.
2. Business Model and Profitability
Business Model Validation: Review the business model, including revenue sources and payment mechanisms, ensuring it has the potential for sustainable profitability.
Revenue and Cost Analysis: Analyze potential revenue and projected costs to ensure profitability is feasible and reasonable.
Cash Flow and Financial Planning: Confirm that the project has a detailed plan for cash flow and financial resources to avoid disruptions from insufficient funds.
Profitability Feasibility: Assess whether the project's profitability path is clear and achievable, focusing on short-term and mid-to-long-term profit forecasts.
3. Operational Strategy and Marketing Plan
Marketing Strategy: Review the project’s market promotion and user acquisition plans to ensure clear promotion channels and execution strategies.
User Acquisition and Retention: Verify if the project has a clear strategy for user acquisition and retention, with reasonable target metrics.
Brand Building: Ensure the project has a brand-building plan to gradually enhance its market recognition and influence.
Ecosystem Support: If the project is part of an industry ecosystem, evaluate its positioning and development potential within the ecosystem, ensuring good synergy with other ecosystem partners.
4. Team Operational Capabilities
Operational Team Background and Experience: Assess the operational team's qualifications and abilities to ensure they have enough experience and resources to drive the project’s growth.
Project Management Capability: Verify if the project has established effective project management processes and tools to ensure timely execution.
External Collaboration Resources: Check if the project has partnerships with other organizations, communities, and media for adequate promotion and development resources.
Crisis Response Capability: Review the team’s ability to handle emergencies and adjust operational strategies, ensuring they can respond quickly to market changes.
Financial and Budget Review
1. Budget Rationality Assessment
Budget Breakdown: Review whether the budget is clearly broken down, covering all project costs (e.g., personnel, tech development, marketing, equipment), and whether expenditures are reasonable.
Spending Proportions and Allocation: Analyze the proportions of spending in areas like R&D, marketing, and operations, confirming they align with the project stage and industry standards to ensure effective resource allocation.
Price Rationality: Evaluate the unit costs in the budget to ensure they are reasonable and in line with market rates, preventing unnecessary financial waste.
2. Fund Utilization Plan and Timeline
Stage-Based Fund Allocation: Review the fund utilization plan to ensure stage-based allocations that will support each project phase.
Budget Alignment with Timeline: Confirm that budget expenditures align with the project timeline, ensuring financial resources are available for critical milestones.
Milestone Funding Needs: Analyze the funding needs for key project milestones to ensure they are fully supported.
3. Financial Health and Transparency
Cash Flow Forecast: Request a cash flow forecast from the project to ensure it can maintain positive cash flow at various development stages, avoiding financial strain.
Financial Transparency: Require regular financial reports from the project to ensure transparent fund usage, allowing stakeholders to monitor financial flows.
Audit Mechanism: For larger funding amounts, consider adding a regular audit mechanism in the funding contract to ensure compliance and reasonableness in fund usage.
4. Cost-Benefit Analysis
Return on Investment Forecast: Analyze the project's return on investment (ROI) to ensure capital input aligns with expected benefits.
Investment Yield Ratio: Evaluate the investment yield ratio to ensure a reasonable ROI for the project.
Risk and Return Balance: Ensure that expected returns reasonably cover potential risks, achieving a balance between risk and reward.
5. Financial Risk Assessment
Potential Financial Risks: Assess possible financial risks (e.g., budget overruns, cash flow issues) and require a risk mitigation plan from the project.
Fund Management Capability: Check if the project has a robust financial management system and team to ensure sound fund management.
Emergency Reserve Fund: Recommend the project establish an emergency reserve fund to cover unexpected expenses or contingencies.
6. Financial Sustainability Analysis
Long-Term Funding Needs Planning: Evaluate the project's long-term funding needs beyond the funding period, ensuring its sustainability.
Revenue Forecast and Diversification: Determine if the project has a detailed revenue forecast and diverse income sources to avoid reliance on a single funding source.
Self-Financing Capability: Assess if the project can secure additional funding through other means (e.g., fundraising, equity investment) to ensure its long-term operation.
7. Financial Team and Management Capacity
Financial Team Qualifications: Review the qualifications and experience of the financial team to ensure they possess professional financial management skills.
Financial Management Processes: Check if the project has established regulatory-compliant financial management processes and systems.
Financial Management Tools: Confirm if the project uses professional financial management tools or software to enhance transparency and accuracy.
8. Cost Control and Optimization Ability
Cost Control Measures: Assess whether the project has reasonable cost-control measures in place to prevent overspending and unnecessary expenses.
Cost Optimization Plan: Determine if the project has plans to optimize costs in later stages to improve fund usage efficiency.
Resource Allocation and Adjustment Ability: Evaluate if the project can quickly adjust and optimize resource allocation in the event of budget or financial issues, maximizing fund usage efficiency.
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